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Projector gives you the ability to create budgets for both time and costs on projects in a simple or detailed manner. You can even create multiple budgets for a project that will reflect different scenarios that are possible throughout the life-cycle of a given project. These budgets can then be used to track the health of your projects in real time or to trigger email alerts that can act as an early warning system if your project is sliding off track.

Simple budgets can be made quickly by just entering a budgeted amount to compare actual time and costs against. Detailed budgets take simple budgets one or two or six steps further and allow you to break your budgets down by different dimensions such as resources, titles, departments, or cost centers. These budgets can then be set up by different metrics such as hours, billing adjusted revenue, contract revenue, or resource direct costs. All of these different factors are great, but they do not help you understand if your project is ahead of schedule or behind schedule if you don't add the variable of time. That is why Projector allows you to set up your budgets for specific time periods. You can break your budgets down from anywhere between a yearly figure right down to daily allocations. This is an excellent way to identify projects that are not going according to schedule so that you can try to correct them before the damage becomes unrepairable.

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Tip

Please see the Project Budget Tab page in our Reference Guide for more information on creating project budgets.

Please see the Engagement Budget Tab page in our Reference Guide for more information on creating engagement level budgets.


Tip
titleAdditional Resources

The Topic of the Day: Budgets webinar is a great resource to learn about best practices around creating, tracking and monitoring budgets in Projector.

Permissions and Settings

Creating Budgets for Time

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